Master Ledger 2077: A Blockchain Blockbuster, HuffPost UK

Master Ledger 2077: A Blockchain Blockbuster, HuffPost UK

Master Ledger 2077: A Blockchain Blockbuster

From 1984 to Black Mirror and The Matrix, it’s a matter of time before we see a movie inspired by blockchain technology.

Blockchain has become a real buzzword over the past year – not only in technology and business circles, but also in our everyday conversations. But what would life look like if blockchain underpinned our society, businesses, and government, in the same way the Internet transformed our lives?

Blockchain is a sequential, ever-growing, timestamped set of records that are grouped in blocks and maintained by disparate participants. Each block is inter-dependent, making alterations of records uneconomical, if not unlikely. So, imagine a world where everything we do, good, bad, or insignificant, becomes a permanent part of human history.

The scene is set. It’s Chicago in two thousand seventy seven and every ledger in the world has been substituted with blockchain technology. Introducing the “Master Ledger”, a global network of blockchains and self-governing knots which stores data and executes transactions on every aspect of our lives. Banks no longer hold money as they become a mere ledger access point. Cryptocurrency has substituted fiat currency. Our identities and daily lives are also now tracked in the all-mighty ledger.

It’s an efficient, prosperous society where financial and electoral fraud has been eliminated since any attempts are automatically spotted, rejected, and traced. Justice in this world is swift too – laws, regulations, and judgement have been diminished to code.

There also hasn’t been a single major terrorist attack in the past two decades. By tracing blood diamonds and laundered money on the ledger, terrorism groups have been throttled. Additionally, “people of interest” are strongly monitored and blocked from travelling outside their country. Businesses are virtually autonomous as trades are automatically priced and executed.

Our heroine, Caroline, a primary school teacher, takes her class to the Immutable History Museum. Here, she instructs her class how the Master Ledger bought justice to individuals committing crimes against humanity.

She points out that in 2020, collating evidence was difficult as records were held in disparate locations. Evidence often followed refugees who became dispersed, and as they escaped these crimes, they also lost their identities. Murder did not exist without a assets or evidence of an individual’s existence.

This was why high profile crimes against humanity took years to prove and convict. However, since the introduction of the Master Ledger in 2033, which brought together the worlds’ distributed ledgers, authorities have been able to provide evidence of humanity and bring that evidence to convict criminals.

Following the tour, Caroline walks home, when she witnesses the kidnapping of a woman who is bundled into a van. Despite her best efforts pursuing the van down, she’s incapable to rescue the chick. Still jiggling from what she has seen, she runs into her apartment and instantly reports the crime to the police, providing the vehicle registration, location, and description.

Hours later, following an extensive investigation, she is told that there was no evidence of any crime. Since the vehicle and the identity of the woman didn’t exist on the ledger, there was no evidence of a crime.

Coaxed with what she had witnessed, Caroline starts to investigate and finds a hidden side to this seemingly utopian society. She detects a rise in suicides because individuals were incapable to erase their social media histories. She also finds that forgiveness in the legal system and society has been lost. Former criminals are forever labelled as criminals thanks to the ledger. Ostracised from society, they fight to find employment and are compelled to go underground.

Some pursue “below the radar” roles in grey industries, while others resort to joining criminal gangs. Introducing “The Don James”, the leader of “The Horns,”. He gained notoriety after he successfully manipulated and hacked a global humanitarian aid fund based on blockchain technology quicker than the community could have prevented the attack.

The vulnerability didn’t lie in the blockchain’s design. The culprit was merely two transposed, adjacent lines of code on top of the project, permitting The Don to drain funds. And before the community managing the fund could patch the bug, he drained $1bn from the fund’s ledger in the space of hours.

Accessing a restricted section of a library, Caroline reads about the Crimson Queen phenomena – where criminals are adopting technology swifter than society to build up an advantage. Criminals are manipulating organisations from banks to pharmaceuticals by targeting the blockchain. She also reads about side chains at the upper echelons of society, where monopolies are shaping the development of blockchain technology to benefit the privileged few at the cost of others.

In a mission to find the kidnapped woman and to expose the underground world of dystopia, Caroline uses blockchain to drive good and recast trust in humanity.

Master Ledger 2077: A Blockchain Blockbuster, HuffPost UK

Master Ledger 2077: A Blockchain Blockbuster

From 1984 to Black Mirror and The Matrix, it’s a matter of time before we see a movie inspired by blockchain technology.

Blockchain has become a real buzzword over the past year – not only in technology and business circles, but also in our everyday conversations. But what would life look like if blockchain underpinned our society, businesses, and government, in the same way the Internet transformed our lives?

Blockchain is a sequential, ever-growing, timestamped set of records that are grouped in blocks and maintained by disparate participants. Each block is inter-dependent, making alterations of records uneconomical, if not unlikely. So, imagine a world where everything we do, good, bad, or insignificant, becomes a permanent part of human history.

The scene is set. It’s Chicago in two thousand seventy seven and every ledger in the world has been substituted with blockchain technology. Introducing the “Master Ledger”, a global network of blockchains and self-governing knots which stores data and executes transactions on every aspect of our lives. Banks no longer hold money as they become a mere ledger access point. Cryptocurrency has substituted fiat currency. Our identities and daily lives are also now tracked in the all-mighty ledger.

It’s an efficient, prosperous society where financial and electoral fraud has been eliminated since any attempts are automatically spotted, rejected, and traced. Justice in this world is swift too – laws, regulations, and judgement have been diminished to code.

There also hasn’t been a single major terrorist attack in the past two decades. By tracing blood diamonds and laundered money on the ledger, terrorism groups have been throttled. Additionally, “people of interest” are intensely monitored and blocked from travelling outside their country. Businesses are virtually autonomous as trades are automatically priced and executed.

Our heroine, Caroline, a primary school teacher, takes her class to the Immutable History Museum. Here, she trains her class how the Master Ledger bought justice to individuals committing crimes against humanity.

She points out that in 2020, collating evidence was difficult as records were held in disparate locations. Evidence often followed refugees who became dispersed, and as they escaped these crimes, they also lost their identities. Murder did not exist without a figure or evidence of an individual’s existence.

This was why high profile crimes against humanity took years to prove and convict. However, since the introduction of the Master Ledger in 2033, which brought together the worlds’ distributed ledgers, authorities have been able to provide evidence of humanity and bring that evidence to convict criminals.

Following the excursion, Caroline walks home, when she witnesses the kidnapping of a damsel who is bundled into a van. Despite her best efforts pursuing the van down, she’s incapable to rescue the damsel. Still wiggling from what she has seen, she runs into her apartment and instantly reports the crime to the police, providing the vehicle registration, location, and description.

Hours later, following an extensive investigation, she is told that there was no evidence of any crime. Since the vehicle and the identity of the woman didn’t exist on the ledger, there was no evidence of a crime.

Persuaded with what she had witnessed, Caroline commences to investigate and finds a hidden side to this seemingly utopian society. She detects a rise in suicides because individuals were incapable to erase their social media histories. She also finds that forgiveness in the legal system and society has been lost. Former criminals are forever labelled as criminals thanks to the ledger. Ostracised from society, they fight to find employment and are coerced to go underground.

Some pursue “below the radar” roles in grey industries, while others resort to joining criminal gangs. Introducing “The Don James”, the leader of “The Horns,”. He gained notoriety after he successfully manipulated and hacked a global humanitarian aid fund based on blockchain technology quicker than the community could have prevented the attack.

The vulnerability didn’t lie in the blockchain’s design. The culprit was merely two transposed, adjacent lines of code on top of the project, permitting The Don to drain funds. And before the community managing the fund could patch the bug, he drained $1bn from the fund’s ledger in the space of hours.

Accessing a restricted section of a library, Caroline reads about the Crimson Queen phenomena – where criminals are adopting technology swifter than society to build up an advantage. Criminals are manipulating organisations from banks to pharmaceuticals by targeting the blockchain. She also reads about side chains at the upper echelons of society, where monopolies are shaping the development of blockchain technology to benefit the privileged few at the cost of others.

In a mission to find the kidnapped woman and to expose the underground world of dystopia, Caroline uses blockchain to drive good and recast trust in humanity.

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